The Treasury is seeking to scrap a guideline that handed immunity to high-income earners in the housing levy, limiting the monthly relief to 15 percent of the actual contribution.
The Kenya Revenue Authority, KRA is likely to miss revenue collection targets by a wider margin this year, further jeopardizing the government’s fiscal plan.
Oil marketer Vivo Energy, which trades under the Shell brand name, is set to take a 50 percent stake in KFC in East Africa, in a deal with the owners of the fast food franchise Kuku Foods East Africa Holdings.
Businesses seeking to invest in energy generation in Kenya may soon be able to do so through an auction system rather than the costly power-purchase agreements that are currently in place.
Bernard Arnault, Europe’s richest person, just joined Jeff Bezos and Bill Gates in the world’s most exclusive wealth club with a fortune of at least $100 billion.
Corrupt individuals have been banned from visiting the United States or investing their money there as the effects of a mutual assistance framework being sought by Kenyan investigative agencies with international partners in order to fight graft begins to bite.
Manufacturing is one of President Uhuru Kenyatta Big Four Agenda but the imposition of excise duty on Kenyan products in other East African countries goes against the common external tariffs which make it costly to operate.
Local manufacturers have on several occasions called for tax-cuts to ensure a level-playing ground with other companies in other Eastern African countries.
A 2019 first-quarter report on bank performance released Monday shows that banks have had an overall increased performance as they recorded improved profitability, in a relatively tough operating environment.
